Citizens Bank in New Jersey vs the state
28.9%Denial rate+11.18 pts vs state
32.0%Decision denial rate+8.99 pts vs state
59.5%Origination rate+3.83 pts vs state
7.40%Median rate+0.65 pts vs state
0.24Rate spread (pts)-0.04 pts vs state
$157kMedian applicant income
7,208Loans originated
3,497Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11,148 | 5,942 | 34.9% | 8.25% | #3 |
| 2024 | 10,174 | 5,849 | 30.7% | 8.65% | #5 |
| 2025 | 12,113 | 7,208 | 28.9% | 7.40% | #4 |
What Citizens Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Citizens Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 1,245 | 770 | 346 | 27.8% |
| Bergen County | 1,244 | 728 | 364 | 29.3% |
| Ocean County | 1,174 | 720 | 333 | 28.4% |
| Middlesex County | 1,085 | 652 | 312 | 28.8% |
| Essex County | 1,012 | 569 | 323 | 31.9% |
| Burlington County | 829 | 504 | 234 | 28.2% |
| Union County | 769 | 453 | 244 | 31.7% |
| Morris County | 684 | 450 | 164 | 24.0% |
| Camden County | 677 | 418 | 171 | 25.3% |
| Mercer County | 634 | 389 | 162 | 25.6% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
| Pennymac Loan Services | C | 6,343 | 12.9% | 6.62% |
Frequently asked questions
New Jersey: 12,113 applications in 2025, of which 7,208 were originated and 3,497 denied.
28.9% of all applications, or 32.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Citizens Bank originated in New Jersey in 2025 was 7.40%, against a statewide median of 6.75%.
About this data. Figures are Citizens Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology